MONET – Unemployment


Everyone should be able to secure their vital necessities through fulfilling employment

In developed countries, unemployment is one of the main causes of poverty and social exclusion. Unemployment statistics (based on ILO definition)1 cover all unemployed persons looking for a job. They are therefore more comprehensive than the statistics on the registered unemployed which are often quoted but which only take into account the jobseekers registered with the regional placement offices.

The unemployment rate based on ILO definition is rising
  • From 1991 to 2018, the unemployment rate based on ILO definition increased with significant fluctuations; in the second quarter 2018, the rate was 4.6%.
  • The unemployment rate based on ILO definition is heavily influenced by the economic situation.
  • In the second quarter 2018, more than 226 000 persons were unemployed based on ILO definition. More than 357 000 persons were underemployed, i.e. they worked fewer hours than normal but wished and were available to work more.
  • The unemployment rate based on ILO definition is, on average, almost 1.5 time as high among young working people aged 15 to 24 (6.4% in Q2 2018) as that for the entire working-age population (aged 15-64).

 

1 ILO: International Labour Organization

 


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